” the Situation is extraordinary. Banks could incur significant losses, and lower interest rates and a fall in the value of assets will make it more difficult for the livsforsikringsforetakene to meet future obligations, enter the authority in a press release.
financial supervisory authority of norway has in a letter to the Ministry of finance requested that it be determined in a regulation that forces banks and insurers to hold back dividend payments until further notice.
After accept finanstilsynet’s assessment, it is now important that the Norwegian banks and the insurance undertaking does not carry out transactions that could impair the financial soundness. Enterprises should therefore until further notice not to pay out dividends or make other distributions of profit, called it in the press release.
If the ministry would comply with the desire, will, among other things, have consequences for the DNB, which in February notified over 14 billion in dividends for 2019.
NRK has been in contact with the DNB as per now do not want to comment on the case.